Real Estate in the 818

Hottest and Coldest Markets in Los Angeles

2008-04-26T10:24:00.000-07:00

Painful for some, awesome for others!

Here are the stats

Highs and Lows
Here are the Southern California communities with the greatest increases and greatest decreases in value comparing the first quarters of 2007 and 2008, based on at least 20 sales. The median sales prices are for existing, detached homes.

Biggest gains
Community ZIP Code Q1-2007 Q1-2008 % change
Newport Beach 92663 $1,649,000 $2,750,000 66.8%
Indian Wells 92210 $ 970,000 $1,352,500 39.4%
Newport Coast 92657 $2,048,750 $2,610,000 27.4%
West Hollywood 90069 $1,690,000 $2,121,000 25.5%
Santa Barbara 93108 $2,866,364 $3,587,500 25.2%
Irvine 92603 $1,430,000 $1,687,500 18.0%
Rancho Palos Verdes 90275 $995,000 $1,170,000 17.6%
Palos Verdes Peninsula 90274 $1,425,000 $1,659,500 16.5%
Brentwood 90049 $1,815,000 $2,100,000 15.7%
San Diego 92107 $725,000 $829,500 14.4%

Biggest losses
Community ZIP Code Q1-2007 Q1-2008 % change
Hemet 92543 $250,000 $130,000 -48.0%
Twentynine Palms 92277 $150,000 $85,000 -43.3%
Moreno Valley 92553 $355,000 $201,500 -43.2%
Sun City 92587 $560,000 $322,500 -42.4%
Paramount 90723 $450,000 $260,000 -42.2%
Palmdale 93550 $325,000 $190,000 -41.5%
Moreno Valley 92551 $375,000 $229,500 -38.8%
Oxnard 93033 $520,000 $320,000 -38.5%
Lancaster 93534 $290,000 $180,000 -37.9%
Adelanto 92301 $283,000 $176,000 -37.8%

Muted Market in the LA Times

2008-04-26T10:16:00.000-07:00

Interesting story on the current market woes in the Los Angeles Times. Check out the Muted Market.

I found the last couple of paragraphs very telling.

"And then there are the communities that rarely feel pain, such as Beverly Hills, Indian Wells, Pacific Palisades and Newport Beach, where prices have continued to climb.

But even homes in those tony areas must be in pristine shape, said Beverly Hills Coldwell Banker agent Ruben Perez.

"No one's buying fixers or homes that are overpriced," Perez said. "They have to be in top shape to get top dollar."

As an agent in the upscale neighborhood of Calabasas, this is really true. Buyers of higher priced homes want pristine condition homes with move in qualities. They figure if they're going to spend over a million, they don't want the headache of a fixer uppper, which wasn't the case pre-2005.

All in all, it is a good buyers market.

Stylish Outdoor Living

2008-03-01T19:28:00.000-08:00

It's only March and already in SoCal the the sun is out and the weather is terrific. We here in the sunny San Fernando Valley spend a good portion of our time outside as well as in year round. Here is a great article on making your outdoor area as livable and comfy as your indoor area. Stylish Outdoor Living.

The Truth Hurts.

2008-02-05T09:24:00.000-08:00

Headlines, highlights and lowlights from the Southland Regional Association of Realtors' press release on 2007 home sales in the Valley:

--The number of homes sold in 2007 dropped 34.9% from 2006 levels.
--Sales of single-family homes in December 2007 were down 51.6% from December 2006 levels.
--Median price of homes sold in December '07 was $480,000, a decline of 14.3% from the December '06 median of $560,000.
--Total 2007 sales, of 6,271 single-family homes, is well below the previous low -- 7,774 in 1992. Annual Valley sales in this cycle peaked at 13,878 in 2003.

Low Income Housing That's Doesn't Look It.

2008-01-28T17:26:00.000-08:00

While cities such as Oak Park and Agoura are fighting low income housing, Glendale is embracing the challenge. Crafstman style homes will be availble at the so called Doan Project starting in 2009.

Buyer Sues Agent....Very Scary

2008-01-25T10:23:00.000-08:00

As an agent this story in the New York Times sent a chill down my spine. Marty Ummel feels she paid too much for her home in Southern California, so she is now suing her agent.

After reading the entire article I am of the opinion that this woman is mentally unbalanced. Read for yourself and decide.

Foreclosures Reach Record Levels

2008-01-24T07:55:00.000-08:00

We saw this coming. Unfortunately the consequences are finally coming home to roost. Excuse the mixed metaphors. The foreclosure rate in California has surged to over double the record. The Los Angeles Times has the full story.Pain Goes Through the Roof.

Prices Down, Rents Up 10%

2008-01-18T08:48:00.000-08:00

This makes sense. As more people are forced out of their homes because of foreclosures, short sales, etc, the rental market is hot. Then you have people who are waiting to buy until the market bottoms out. Good news if you own a rental unit. Bad news if you're looking to rent in the LA area for anything under $1000 per month. It's brutal out there.Rents Up

Monthly Real Estate in the 818 Newsletter

2008-01-17T22:39:00.000-08:00

CLICK HERE FOR ACCESS TO ALL THE LATEST NEWS

Time to Get Real

2008-01-15T08:04:00.000-08:00

For many months, I've been optomistic about the current real estate market. I believe in real estate as and invesment and a life style. But, I gotta tell you, it's getting tough out there. There are obviously a number of factors that have turned what was once an out of control mania of prices, into a downward spiral with no end in sight.

My advice to people now is, if you're planning on selling, do it NOW and get out. If you're planning on buying, either wait one year or buy knowing that you're in it for at least 5 years and don't even think about doing a 100% loan thing. You will be upside down in a matter of months.

Ahh, I feel much better getting this off my chest, getting the truth out there.

For more straight talk check out this LA Times article.

The Next Cut Might Be the Deepest....

2008-01-10T22:42:00.000-08:00

Fed to Cut Rate... Hurray!

Home-Seller FEARBUSTERS!

2008-01-09T18:04:00.000-08:00

Everyone has that moment when the whole process of selling seems overwhelming. And that’s when you lie awake at night and the fears replay themselves in your head. But there’s help from the Fearbusters! Here’s a list of common fears of the seller, and solutions.

Fear: I'll sell my house for too little because I priced it too low.
Fearbuster: You can price your house fairly and do it with confidence. The basic rule is your asking price should be within 10 percent of the average sold price in your neighborhood. Factor in your home’s condition to adjust the price higher or lower from that starting point. And get three Comparative Market Analyses from agents.

Fear: There are so many real estate agents out there, and they all claim to be super salespeople! What if the agent I decide to list my home with turns out to be a slick wheeler-dealer who’s all talk and no action?
Fearbuster: Counter with your own two-step plan of talk and action: Get on the phone and ask about showings, inquiries, Web hits, etc. If that doesn’t bring satisfactory results, let them know you’ll terminate or not renew the listing. That should get their attention.

Fear: People at an open house will go through my personal things, perhaps even my drawers — and they may steal things!
Fearbuster: Yes, people at open houses will open drawers. If there’s something you don’t want them to see — perhaps the adults-only underwear you bought your wife last Valentine’s Day — store it somewhere else. Also, though it rarely happens, con artists do sometimes go to open houses with the express purpose of stealing. Own a couple of antique Chinese vases? Don’t leave them on the mantle during the open house!

Fear: My house will languish on the market for months without a nibble, and I’ll have to suffer through multiple open houses to drum up interest.
Fearbuster: If you price your home right and keep your house neat, clean, and available for viewing to agents and buyers, you’ll get offers.

Fear: Now that I’ve invested so much time and energy in getting my home on the market, I’m losing sleep. I’m afraid I won’t know enough to stay out of legal trouble.
Fearbuster: You need your sleep. Before you negotiate with buyers and before you sign anything, make sure you have a professional — an attorney or real estate agent — on your side. Even if you feel like you can negotiate successfully, it doesn’t hurt to have that second pair of eyes.

Fear: What if the inspection reveals that termites have chomped their way through all the support beams and my house is about to collapse? This sale will fall through and I won’t be able to buy my new house, which is scheduled to close next week!
Fearbuster: Remember how smart you were. You avoided any last-minute inspection surprises by hiring your own inspector before you even listed your house for sale. He found nothing major and you already completed minor repairs. And if the fridge quits before you close, it’s no big deal. You’ll have enough money to replace it.

Good News from National Association of Realtors

2008-01-08T21:03:00.000-08:00

Over the next few months, NAR predicts, exisiting homes sales are expected to hold fairly steady. NAR Story

My feeling is very similiar as NAR. I think it will pick up a bit in spring, with prices hitting their low. Then I think they will stabilize into 2009.

Just for Fun...10 Priciest Home Sales in 2007

2008-01-07T16:50:00.000-08:00

No surprise here that the 10 most expensive homes of the year were all located in either New York or California. Courtney Cox-Arquette and David Arquette's Malibu home sold for 33.5 million. What a great flip! The Arquettes paid 10.1 million in 2001. Nice profit!

Scenes From Calabasas

2008-01-06T21:13:00.000-08:00

The Valley on a Clear Day...

2008-01-06T18:24:00.000-08:00

The San Fernando Valley, home to some of the most beautiful real estate in Southern California. The view from Woolsey Canyon is phenomonal!

Woosley Canyon..Make an Offer..

2008-01-06T18:21:00.000-08:00

Developers donate 175 hillside acres in Glendale

2008-01-05T21:24:00.000-08:00

After more than a decade of debate over development in the Verdugo Mountains, three parcels have been given to a conservation group LA Times story link

Calabasas Looks at Ways to Judge Historical Landmarks and Districts.

2008-01-04T14:57:00.000-08:00

Intersting story in todays Acorn. I am hoping this commitee forming to judge recognizes the Bird Streets/Park Moderne. It goes without saying our little neck of the woods has a fascinating history and in the greater context of the city of Calabasas, it's very important. It can only help property values all around the neighborhood.

Here is the article. The Acorn

What You Get for 450K

2008-01-04T08:23:00.000-08:00

One of my favorite columns in the New York times is What you Get for? It's a comparison of home prices across the country. This week the Times asks what you get for $450,000.

A two bedroom condo in Indian Wells, CA. A three bedroom, three bath condo in Stove, Vt or a 2,900 square foot, 4 bedroom house on 5 acres in Kalispel, Mont.

Very interesting to compare.

What you get for $450K.

Malibu Castle to Be Rebuilt!

2008-01-03T07:54:00.000-08:00

Great news as the owner Lily Lawrence, known around Malibu as Princess Lily, has decided to rebuild another castle. Lawrence is an interesting charachter, her father was an exiled Iranian oil minister. Her family lost their home when they were forced to flee the country.

Sounds like she has a great heart. Hopefully the new castle will be a Malibu landmark like the old.Malibu Castle

Real Estaste in the 212 Defies Slump!

2008-01-03T07:37:00.000-08:00

So, if you want to buy something in New York City, the median price is now 1.4mil! Wow, and I thought Calabasas was out of control. The thing with NYC is that it's an island and their is only so much real estate. An old New Yorker friend of mine who grew up in mean streets of Hell's Kitchen warned me about 5 years ago, that eventually there would be no bad neighborhood left in New York, because the value of the city is too high.
Los Angeles is more spread out with a lot of open space left to build and develop. Even our own downtown, which is rapidly ascending, is still a bargain because there is so much undevloped space.
For more on this development click for the article in the New York Post about the Manhattan real estate market.
NY Post ARticle

Happy New Year!

2008-01-01T12:42:00.000-08:00

I spent the morning watching the Rose Parade. It's a fun tradition very much an LA thing to do. The above picture is the Rose Queen Dusty Gibbs and her court. I always love seeing these lovely young women who are as beautiful as all the flowers!

The Acorn's Top Stories of the Year

2007-12-29T18:34:00.000-08:00

Another year end round up from the Acorn.

TIPS FOR HOLDING A MOVING SALE

2007-09-07T16:08:00.000-07:00

Use a yard sale to reduce the clutter in your home and get rid of items you don’t want to move.
1. Check with your city government to see if you need a permit or license.
2. See if neighbors want to participate and have a “block” sale to attract more visitors.
3. Advertise. Put an ad in free classified papers, put up signs and balloons at major intersections and in stores near your home.
4. Price items ahead and attach prices with removable stickers. Remember, yard sales are supposed to be bargains, so don’t try to sell anything of significant value this way.
5. Check items before the sale to be sure you haven’t including something you want by mistake.
6. Keep pets away from the sale.
7. Display everything neatly and individually so customers don’t have to dig through boxes.
8. Have an electrical outlet so buyers can test appliances.
9. Have plenty of bags and newspaper for wrapping fragile items.
10. Get enough change, and keep a close eye on your cash.

$145,000 for 3 Bedroom in West Hills??

2007-07-17T14:00:00.000-07:00

VALLEY VIEWS, 3 BEDROOM/2 BATH 1200 SQFT

Yes, it's true, this lovely house is a mobile home, that sits in an upscale park.

Click HERE FOR A VIRTUAL TOUR!

ATTENTION SELLERS! WHAT YOU NEED TO KNOW

2007-07-17T13:59:00.001-07:00

Great Article by Dennis Smith. A bit cut and dry, but very concise and to the point.

What Your Home is/is not Worth The Market Value of Your Home is NOT:
1. What you have in it.
2. What you need out of it.
3. What you want.
4. What it appraised for.
5. What you heard your neighbor's house sold for.
6. What the tax office says it is worth.
7. How much it is insured for.
8. Based on memories and treasures.
9. Based on prices of homes where you are moving.

The True Market Value of Your Home Is:What a Buyer is Willing to Pay for the Property
1. Based on today's market.
2. Based on today's competition.
3. Based on today's financing.
4. Based on today's economic condition.
5. Based on the buyer's perception of the condition.
6. Based on location.
7. Based on normal marketing time.
8. Based on showing accessability

Properties That Sell in Today's Market:On a Scale of 1-10, The "10's" Are The Ones That Are Selling.How Can Your Property Be a "10"?
1. By improving the condition dramatically. (Use HomeBase Bonus Dollars)
2. By offering good terms. (Offer HomeBase Bonus Dollars)
3. By improving the way the home shows. (Use HomeBase Bonus Dollars)
4. By adjusting the price.

As a Seller you control:
1. The price you ask.
2. The condition of the property.
3. Access to the property.

As a Seller you do not control:
1. Market conditions.
2. The motivation of your competition.
3. Value.

The seller sets the asking price, the buyer sets the sales price.
The seller gets to say yes or no.

Article by Dennis Smith, visit www.SanDiegoHomes4u.com for more original content like this. Reprint (or reprint with your modifications)permitted if this footer is included.

Good News for 2008.

2007-07-17T13:55:00.000-07:00

Home prices are set to recover some of their losses nationwideaccording to this NAR piece.

LA MARKET Report

2007-07-12T17:18:00.000-07:00

Interesting article in the Los Angeles Times regarding the LA market. Foreclosures are down in June, which is is good news for homeowners. Check it out.

It's Never Too Late....Man, 102 Takes out a 25 Year Mortgage!

2007-04-03T08:27:00.000-07:00

I Love this story. It just goes to show, real estate is a life long investment! LOL. 102 year old takes out a mortgage. I apologize for lack of pics of this fella, but the pic above is kind of how I picture hime. I wonder if he's single! What a catch.

Some Good News....Exsisting Home Sales UP!

2007-03-23T18:49:00.000-07:00

I saw this coming last month with more SOLD signs and things picking up. Sales up for exsisting homes.

It's a good time to buy and now its a good time to sell.

Parents Buying For Their Kids

2007-03-17T18:04:00.001-07:00

A new trend in some markets. Parents with money and/or equity in a home, help their offspring make a purchase. Check out the story here in the New York Times today.

Method Fest 07 Comes To Calabasas

2007-03-15T21:10:00.000-07:00

It's spring and that means "Method Fest", the annual indi film festival held in Calabasas. For more info and screening info log on to the official site at Method Fest.

For All You Animal Lovers

2007-03-07T19:44:00.000-08:00

Very helpful article on moving with your pets. Moving can be stressful on our fourlegged friends. Some good advice found in the story.

Pictured are some of my pets in all their furry glory!

FYI..The Latest Rates

2007-03-07T19:40:00.000-08:00

Mortgage Rates and News from the Los Angeles Times

Can You Still Profit From Flipping?

2007-03-04T09:38:00.000-08:00

Interesting piece in the LA Times today on the flipping market. Savvy, smart investors can still make money from flipping, but should lower expectations and choose their property wisely.

Click the link for the entire story. http://www.latimes.com/classified/realestate/news/la-re-flip4mar04,0,1017915.story?coll=la-class-realestate-news">`LA TIMES

Some Real Estate Agents are shocking UNETHICAL!!!???

2007-01-31T20:49:00.000-08:00

Great story in the New York Times, but a sad commentary on my profession. According to a Harris poll, realtors ranks at the bottom of the professional food chain. Number 23 out of 23 professions. Not good, but alas, we're not all grifters. Click here for the NY Times story

Feds Leave Rates Alone...Good Time to Buy

2007-01-31T20:47:00.000-08:00

The feds decided not to touch rates. Folks they're not coming down! In fact next move might be up. Now is a good time to buy.
Click here for entire story

Southland Home Prices Set a New Record!

2007-01-17T19:53:00.000-08:00

For the whole year, prices were up 5.7% to $486,000, and sales fell 19.4%. In 2005, the median price rose 16.5% from the year before. Sales slipped 0.4%.

"If you take last year's data and put it anywhere else, you would have said it was a banner year," said Patrick Lashinsky, executive vice president of ZipRealty Inc., an Emeryville-based online brokerage that operates in Southern California. "The only reason it doesn't look as strong is because we're coming off these irrationally exuberant years."
Click here for the LA Times story.

REAL ESTATE IN THE 818 JANUARY 2007 EDITION

2007-01-11T18:58:00.000-08:00

Contact me anytime for the entire newsletter!

Have a Safe and Happy 2007!

2006-12-31T16:33:00.000-08:00

Area Housing Experts Remain Optimistic for '07

2006-12-29T16:52:00.000-08:00

Our local paper the Acorn, ran a very positive story about the future of the housing market for 2007. Check outthe article here.

Good News From Wall Street Helps Housing

2006-12-28T10:11:00.000-08:00

The latest news from Wall Street, where the Dow has reached a new high, suggest the robust return of new housing sales.

This spring is looking to be a strong market, while now is actually the best time to buy as seller's are getting impatient.

Call me for more info.
(818)620-3133

Merry Christmas-Peace on Earth

2006-12-25T10:33:00.000-08:00

Sellers Decorate for Christmas!

2006-12-18T08:16:00.000-08:00

The debate continues..... Do sellers decorate for the holidays when trying to sell their home, or do they 'depersonalize' as much as possible? Interesting read in the LA Times.

Mulholland Highwy Gets Beautified!

2006-12-14T17:28:00.000-08:00

Mulholland Highway was officially dedicated as a part of the Los Angeles County Scenic Corrider. Rightly so, as it is one of the most beautiful areas of Los Angeles!Click Here for the entire story in the Acorn.

Good News-Rates Stay the Same

2006-12-12T13:01:00.000-08:00

The feds today announced no new rate hike in the month of December.Good news, but a lower rate would help the housing market IMO.

CELEBRITY ESTATE IN SEDONA!

2006-12-09T21:42:00.000-08:00

This lovely home in the Village of Oak Creek was the former vacation getaway for song and dance legend, Donald O'Connor and his wife Gloria. Sitting on a spawling 1/2 acre overlooking the majestic Bell Rock, one of the healing vortex powers in Sedona, this home is magnificent.

Four bedroom, 4 baths, huge open kitchen, beautiful tile flooring, windows galore to enjoy the view, decks and viewing areas, 3 car garage, romantic master suite and bath, with walk in closet, and more!

To view this property log on to TERI OCONNOR.COM and scroll down to SEDONA Property.

Cost vs. Value

2006-12-09T21:36:00.000-08:00

Great article regarding the cost vs. value of different types of remodeling projects.

Pending Home Sales Indicate Market Stabilization

2006-12-08T08:47:00.000-08:00

Good news for the housing market.Pending home sales index is stabilizing accroding to the National Association of Realtors.

The On-Line Market Place For People to People Lending

2006-11-29T11:36:00.000-08:00

This is revolutionary. A new way of lending and borrowing money. Search listings and bid to help fund people at varying interest rates. Or borrow money and have people bid down your interest rate.

Sound interesting? Check out PROSPER.COM a site featured in Money Magazine and an idea whose time has come!

Most Expensive Zips

2006-11-20T08:57:00.000-08:00

Great story in Forbes. The most expensive Zip Codes in the country, with Rancho Santa Fe at #2, making it the highest priced in California. Calabasas comes in a #93. Very interesting stuff.

After Hours Open Houses

2006-11-13T09:09:00.000-08:00

I think this is a great idea. Open House after hours can actually be fun. Not everyone has time to view a home on Sunday afternoon between 1-5 PM. I like after school or before pick up OPEN HOUSES. Time to think outside of the box! Check out the full LA Times story here.

Ground Breaking in Calabasas Coming Soon!

2006-11-09T15:16:00.000-08:00

The Calabasas City Council, after 10 years of squabbles has finally agreed to a bid by a company to start work on the new Calabasas Town Center. When complete, this fabulous complex near the Commons will only add to the property values and quality lifestyle of Calabasas! Good job Council.Read the entire article here.

ONE WORD-VOTE!

2006-11-06T21:16:00.000-08:00

It's your right and your duty.

More Good News....It's Not All Gloom and Doom Out There

2006-11-06T16:16:00.000-08:00

Real Estate Priceswill level off in the first quarter of 2007 making what industry insiders have been saying will be a 'soft landing'.

OPEN HOUSE SUNDAY 1-4PM 22148 Jennifer WAY

2006-11-05T08:30:00.000-08:00

Come join the fun at an OPEN HOUSE in WEST HILLS! Yes, Open Houses can be fun! Food, drinks, music and a chance to win $25.00 Starbucks Card. Can't beat it.

For more info on the Lovely home on Jennifer Way, click HERE.Price Reduced to $649,500

The Feds Keep the Federal Fund Rate at 5.25%

2006-11-02T07:03:00.000-08:00

The Feds didn't change the rate used to lend money to banks any higher or lower. For consumers this means mortgage rates are still at record lows. With home prices coming down, and possible at their bottom, it's a good time to think about buying.

REALTORS® Taking the Lead on Green Building

2006-11-01T19:25:00.000-08:00

Interesting article about the difference Realtors can make when trying to lead the way on building "green".

Valley Housing Prices Stabilizing.

2006-10-24T17:43:00.000-07:00

According to the latest news from Southland Association of Realtors, the San Fernando Valley prices are stabilizing as the pace of home sales moderates. It's a great read. Click HERE for the entire article.

NEW LISTING IN THE BIRD STREETS! $999,500

2006-10-20T17:23:00.000-07:00

This lovely 3 bedroom/2 bath home located in the fabled "Bird Streets" of Calabasas has just been listed at $999,500.The home features a huge 13K square foot lot, spacious gated entry, room for RV and more. This single story Rancho beauty has a updated cook's kitchen, with custom floors, counters and cabinets. Everything has been re-done to perfection. Enjoy nature in the back pation facing beautiful open space and lush trees and land! Truly one of a kind in the Birds Streets, voted on of LA's Best Neighborhoods by Los Angeles Magazine!

For info contact me ASAP as this price is one of the best in Calabasas and won't last!

Create Your Own!

Its All About the Pumpkin!

2006-10-20T09:45:00.000-07:00

This weekend is one of the highlights of Calabasas. The Pumpkin Festival is back and bigger than ever! Join the fun this Sunday from 10-5 at Juan Baptista Park in Calabasas.

Walk for Paws This Saturday at Pierce College

2006-10-19T09:01:00.000-07:00

This is such a fun event for dog lovers. All sorts of canines and their companions show upt to help raise funds for New Leash On Life's education, rehabilitation and adoption programs, including Lend a Paw. Lend a Paw builds on the legacy created by New Leash On Life by rescuing animals, facilitating their rehabilitation and training and using the rescued animals as Social/Therapy dogs for children with Autism. Helpping kids and pups sounds like the perfect way to spend a Saturdya.

Click on Walk for Paws for more times,registration info and ways to help. woof!

2006-10-18T08:27:00.000-07:00

I'm off to the REALTOR EXPO in beautiful Long Beach California today. I'll report back on all the great info!

Biggest RE Deal In Modern Times Finalized in NYC!

2006-10-17T20:24:00.000-07:00

Wow!! And you think Los Angeles real estate prices has boomed! A building site in set along the East River in Manhattan just sold for $5.4 Billion yes BILLION!

That is some commission!

Top 15 Home Updates

2006-10-17T08:19:00.000-07:00

BEFORE & AFTER....GREAT site on HGTV give you info on the best home updates. It looks like the minor bathroom update will bring you the most money when you sell.

I guess it's time for me to update my 70's style bathroom now!CLICK THE HGTV SITE HERE.

Baby Boomers Study Shows Changing Housing Needs

2006-10-16T17:00:00.000-07:00

An interesting new study released by NAR, reveals a lot about baby boomers and their current and future housing trends.

Jennifer Way Slide Show! REDUCED to $640,000

2006-10-13T19:11:00.000-07:00

Create Your Own!

Calabasas High Takes Home the Blue Ribbon

2006-10-13T13:05:00.000-07:00

Congrats to all the teachers, administrators, parents and students for the fabulous achievement of becoming a National Blue Ribbon School. Well done!

This is also GREAT for property values, so if you're interested in selling or purchasing in the LAS VIRGENES UNIFIED SCHOOL DISTRICT, please give me a call. I've had three kids in the system and it works!

What Do Agents Really Bring to the Table?

2006-10-12T10:01:00.000-07:00

Great piece by M. Anthony Carr regarding why consumers should use a REALTOR. Check it our HERE. Very informative.

Adopt a Pet in the Valley

2006-10-11T10:44:00.000-07:00

I've added this link to my website in hopes of helping some of these adorable guys find a loving home. Clink the link and see photos of your future pet!

This is an 8 year old German Shepard available at the Agoura Hills Animal Shelter.

For info and directions to the Agoura Hills Animal Shelter click here!

What's Been Happening in the Los Angeles Market

2006-10-11T10:34:00.000-07:00

Yes, its' a dry title, but check out these and from the National Association of Realtors and you'll see its not all doom and gloom, but actually a very good thing.stats

Pending Home Sales Index Shows Market Stabilizing

2006-10-10T08:45:00.000-07:00

Good news. According to the National Association of Realtors,pending sales are up. The market is stabilizing which is great for buyers and sellers.

For Lease in the Hills of Burbank $3250.00 Per Month

2006-10-09T09:10:00.000-07:00

This adorable house in the hillside of Burbank is available for lease.

The home is 3 bedrooms/ 2 baths, with a formal dining foom, a two car garage and a sparkling pool and spa. A steal at $3250.00 per month.
Call Me at 818 620-3133 for more info.

The "Shed" Style of Architecture

2006-10-09T09:07:00.000-07:00

I have finally found the name of the style or architecture commonly used in the Mullwood area of Calabasas and a great number of homes in Woodland Hills. I always called it the Brady Bunch style, but in fact the style is known as Shed. Below is a complete definition:

Shed--A subset of the Modern style, including Ranch, Split Level, and Contemporary, Shed homes were particular favorites of architects in the 1960s and 1970s. They feature multiple roofs sloping in different directions, which creates multigeometric shapes; wood shingle, board, or brick exterior cladding; recessed and downplayed front doorways; and small windows. There's virtually no symmetry to the style.

Out and About in the Valley

2006-10-08T10:29:00.000-07:00

Taste of Encino TODAY!

Submissions are not open for the 2007 San Fernando Valley Internation Film Festival.

Next weekend check out the 16th annual Sherman Oaks Street Fair.

NEW OFFICE!!!

2006-10-06T08:15:00.000-07:00

ERA has a new beautiful office in Woodland Hills. Located at 22041 Clarendon Way, it's a great new location and we're all very excited about the move.

LVUSD Board Meeting Webcasts Available ONLINE

2006-10-05T10:06:00.000-07:00

If you don't have time to attend LVUSD school board meetings, but you would like to know what it happening in the district, check out this link
LVUSD Webcasts and you'll be able to view past meetings at your convenience.

The Valley at 60

2006-10-04T16:45:00.000-07:00

A great site brought to you buy the LA Daily News, The Valley at 60. Brings back a lot of memories to this Valley Girl!

More Pics of West Hills Home

2006-10-03T15:34:00.000-07:00

PRICE REDUCED AGAIN!

2006-10-03T09:51:00.000-07:00

For those of you who read the newsletter, it's already outdated. The list price on this great house in West Hills has dropped once again to

$675,000!

Wow! This is truly a great deal for a beautiful home behind gates in West Hills.

Connect With Your Family

In the breakfast area of this 4-bedroom/3-bath stucco home in West Hills. You'll enjoy a chic dining room with Pergo floors, dramatic living room with vaulted ceiling, spacious great room with fireplace, inviting kitchen, community pool, appliances included, work island, dishwasher. Model Perfect! Call Teri @ 818 620-3133 for more info.

Sideways in the Valley!

2006-10-02T21:38:00.000-07:00

Who says there is no culture in the Valley. Check out San Fernando Valley Wine Festival happening November 11th. Sounds like fun!

Hold Off on the Panic!

2006-10-01T09:42:00.000-07:00

Great piece in the LA TIMES this morning. It echoes what I've been saying that it's not such a bad thing that the market has leveled off. It's much more balanced and healthier for everyone, buyers and sellers. Click HEREto read the entire article.

Shower For Two ;) Encino Estate $2,399,000

2006-09-29T17:42:00.000-07:00

Shower For Two

Enjoy quality time together in the two-person shower at this 4-bedroom/4.5-bath contemporary home in Royal Oaks. Has a striking living room with vaulted ceiling, refined dining room with slate floors, impressive great room with stone fireplace, professional kitchen with granite countertops, large foyer. The outside oasis boasts a beautiful pool and hot tub with views of the entire Valley. Easy access to the westside, this Mid-Century Estate combines Privacy and Views! $2,399,000. Please call Teri O'Connor @ 818 620-3133 for more information!
or click 15635 Vandorf for more pics and info!

MTA to Add New Orange Line Route in the Valley

2006-09-29T17:13:00.000-07:00

The Orange Line is such a hit in the Valley, it looks like the city is going to add on. Good news for commuters.

Santa Monica Ocean Front for 600K???

2006-09-29T17:07:00.000-07:00

Great story in the LA Times about the infamous Marion Davies/William Randolph Hearst beach house in Santa Monica. Worth a read for the history, glamour and the insane price Davies sold the estate for in 1945! Ouch!!! only $600,000 for what she called a 'white elephant'. Only in Hollywood!

Sell Your House FASTER!

2006-09-26T20:10:00.000-07:00

10 Ways to Make Your Home Sell Faster! Great ideas to help sellers in a 'buyer's market'.

More News From NAR

2006-09-26T20:01:00.000-07:00

The National Association of Realtors is confirming news aboutthe drop in home prices.

Housing Prices Drop.

2006-09-26T17:53:00.000-07:00

There is no denying it anymore! Housing prices have dropped and it's made news everywhere. I believe it's a good thing as this is a long over due correction in the market. Speculators are gone and now people will not be in a panic.

The Real World Returns!!!

2006-09-20T08:17:00.000-07:00

San Fernando Valley Home Sellers, Buyers Adjust to Realities of Today’s Balanced Resale Market. This can only be a good thing for the market as the soft landing becomes clear to people. Click Here for the complete article.

The 16% Rule

2006-09-16T22:19:00.000-07:00

p>According to the National Association of Realtors, sellers make 16% more profit one their home sales when they work with a Realtor, as opposed to having no representation. You get what you pay for and even if the commission is 5-6% you're still making 10% or more on your sale.Click Here for the entire article.

Featured LISTING!!! Canoga Park $629,000

2006-09-14T19:16:00.000-07:00

Great House in Canoga Park. This adorable 4 bedroom, 3 bath home features a swimming pool and fire pit. Great location next to transportation, Warner Center, shopping and restaraunts. The Valley at it's Best!

For more info on this listingClick HERE
Call Teri at 818-577-0452 to view this or any other properties of interest.

A Few Great Real Estate Sites

2006-09-14T19:02:00.000-07:00

According to the National Association of Realtors, most home buyers today start their search on the internet. What an incredible resource the world wide web has become. Here are a few of my favorite sites:
BankRate.com

REALTOR.com

TeriOConnor.com

Zillow.com

The 40 Year Virgin Mortgage

2006-05-09T22:00:00.000-07:00

Find out the pros and cons of the 40 year mortgage,

Median Price of a Home in California up 15%

2006-05-09T21:39:00.000-07:00

Despite reports of a bubble bursting, the California real estate industry continues to plug along. According to the California Association of Realtors, or CAR. the median price is now $561.350, with Calabasas coming in at the 10th higest median at $1,259,500 Click here for more details.

Great Art Comes to Calabasas This Weekend

2006-05-02T20:38:00.000-07:00

The 9th Annual Calabasas Arts Festivial will be happening this weekend 10-5 behind the Commons.

200+artists, bands, food, wine, beer and easy parking. What else can you ask for?

Check it outCalabasas Arts Council for more information.

Welcome to the Blog

2006-05-02T20:18:00.000-07:00

Hello,

My name is Teri O'Connor. I am a real estate agent for >ERA REALTY Calabasas, California. I am a second generation native of California and an original "Valley Girl", having been born and raised in Burbank.

I have lived, worked and played in the Calabasas area since 1997 and I am a neighborhoodand school district specialist. I know how important it is for families to find the right fit when purchasing a home.. My goal is to assist you in a way that the whole process of buying and selling your home is a positive experience.

Please contact me anytime through

the blog by leaving a comment.

Or Call

Cell Phone, 818 577-0452

Office 818 222-0577

Or
E-mail
Terio818@charter.net

Incredible Charm in the Bird Streets23030 Humming Bird Way$1,090,000

2006-04-19T18:29:00.000-07:00

RARE family home in the fabled Bird Streets of Calabasas. Lush garden, soaring ceilings, private back-yard with built in BBQ and dining area. Updated kitchen, fireplace in den and fireplace in spacious master suite.

Four bedrooms, 3 baths, 3 car garage. The Bird Streets in Calabasas are part of the historic legacy of the city. A former artist colony, the neighborhood is an eclectic blend of houses and people.

OPEN SUNDAY 1-5

To View this house on-line CLICK HERE!!!!!

For more info on this house or to view any houses please call

TERI at (818)577-0452

CONTACT ARMANDO AT ERA REALTY in Calabasas.